Indian markets have opened the trading Monday, flat with a positive trade in in Asian markets after the US payrolls data announced on Friday showing strong underlying wage growth. At 10.15 am the BSE Sensex was trading lower by 18.45 points at 27,740.78 while the Niifty50 was trading lower by 4.15 points at 8239.65. The BSE Mid Cap index and BSE Small Cap index have opened the day up by 0.24 percent and 0.42 percent respectively.
The rupee is trading at 67.95 to the US dollar. Except IT stocks and power stocks, all sectoral indices have opened the day in green with metal, banking and capital good stocks seeing maximum buying interest.
Hero MotoCorp , Tata Steel, Axis Bank, HDFC and Bajaj Auto are top gainers while Bharti Airtel, TCS, GAIL, Lupin and ICICI Bank are losers in the Sensex.
The advance estimate for GDP for the financial year 2017 released on Friday indicated that India’s growth is set to slow down to 7.1% from 7.6% in the last financial year, owing to the slump in manufacturing, mining and construction sectors.
The benchmark indices on Thursday opened on a positive trend seen in Asian market. At 10.15 am the Sensex is up 148.69 points or 0.6 percent at 26791.82, and the Nifty up 50.40 points or 0. 62 percent at 8240.90. Broader market outperformed the headline indices with BSE Midcap and BSE Smallcap gaining 0.7% and 0. 8% respectively. Gains were capped by uncertainty on GST meeting which ended yesterday.
The rupee is trading at 68.18 to the US dollar. All sectoral indices have opened the day in green with metal, auto and realty stocks seeing maximum buying interest.
Tata Motors, Tata Steel, Sun Pharma, ICICI Bank and ONGC are top gainers while Bharti and Lupin are losers in the Sensex. Among individual stocks, Tata Motors was the topper among others jumping over 3% on the BSE.
Indian share markets have opened the day on a flat note with Sensex Opens Flat; Nifty hovers around 8,200 amid positive global signs from Asian markets. At 10:15 am, the BSE Sensex was trading at 26,712.40, up 0.26%, while Nifty50 was ruling at 8,215, up 0.28%. Among broader markets BSE Midcap was trading 0.63% higher and BSE Smallcap was trading 0.73% higher.
Tata Motors, Infosys, Coal India, L&T and Maruti are positive contgributors while Bharti, ITC and Lupin are losers in the Sensex.
Investors expected the services PMI data and the outcome from the second day of GST Council Meet. The GST Council reached harmony on most provisions of GST included interstate sales and other issues related the central GST and state GST earlier left undecided.
On Friday morning session. the barometer index kicked off higher despite Asian markets traded flat since investors booked profits in a thin trade. At 10:15 am, the S&P BSE Sensex was trading at 26,581, up 215 points, while Nifty50 was ruling at 8,166, up 62 points.
About 1202 shares have advanced, while 271 shares declined, and 53 shares are unchanged. In broader markets, BSE Midcap rose 1.21% while BSE Smallcap was trading 1.08% higher. Both these indices outperformed the Sensex.
Asian stocks were trading marginally higher while US stocks closed fractionally lower on 29 December 2016 since investors remained unenthusiastic to make big bets in a thinly-traded session ahead of holiday weekend.
The Financial Stability Report published by the RBI on 29 December raised red flags about the health of the banking sector as lenders struggle with rapid deterioration in asset quality at a time of lower business growth.